Here are the key findings from the November 2016 CCJ MarketPulse survey:
- Carrier sentiment for business conditions in November rose a tenth of a point from October from 5.61 to 5.71. Responses from participants in both survey groups are nearly identical: 5.70 for respondents with up to 100 power units and 5.72 for respondents from fleets with more than 100 power units.
- Respondents reporting a decline in month-over-month business conditions rose in November, to 18.2% from 13.8%, including 22.2% of respondents from fleets with more than 100 power units. 26.0% of all respondents said November was better than October, including 21.7% of respondents from fleets with up to 100 power units and 27.8% of respondents from fleets with more than 100 power units. 59.7% expect business conditions to improve over the next six months compared to only 3.9% who expect it to worsen.
- 2% of respondents from fleets with up to 100 power units and 37.0% of respondents from fleets with more than 100 power units plan to add full-time employees in the next six months, while 31.2% of all respondents plan to add independent contractors.
- 3% of respondents with more than 100 power units plan to increase the size of their fleets in the next six months, compared to 34.8% of respondents with up to 100 power units.
- Driver availability (44.8%), freight pricing (32.9%), freight volume (17.1%), and political climate in Washington (2.6%) round out the list of carriers’ top concerns.
Click Here to download the November 2016 CCJ MarketPulse report.
